Regional Financial Sr Specialist

Summary

Work with Regional Financial Consultants, Directors, and internal management regarding financial outlook of Network/District Offices. Support identification of financial issues, and research. Help conduct financial analysis to support decisions related to overall Network Office financial health, and investments for future growth. Support on cross-departmental initiatives related to financial consulting, reviewing to assess current financial state/trends, including in-depth research/analysis of revenue sources, expense management, profitability, cash flow and debt structure/leverage.

Primary Duties and Responsibilities

Consulting

• Conduct financial statement/financial health reviews to assess current state and trends of the Offices' financial position. This includes in-depth research and analysis of sources of revenue, expense management, profitability, cash flow and debt structure/leverage.
• Prepare financial scenarios using numerous financial modeling tools (e.g. FMM, Planning Tool, ROI, break-even) to direct decisions about investments in the Office.
• Collaborate with regional team, field business partners and internal management to assess the feasibility of new front line leadership roles (e.g. FD, GDD, DD, MD).
• Provide ad hoc analysis to define and propose investment strategies for the Office, including thorough review and understanding of: MP contract and compensation programs, expense management, financing debt servicing strategies and the financial impact of front-line leadership appointments.
• Assist in creation of financial tools to assess the impact of and guide decision making on the timing of District start-ups and FD/DD appointments.

Financial Trend Analysis

• Create summary reporting for Regional Financial Consultant to share with internal management and assist in proactively identifying financial trends, opportunities and areas of concern. This information is used to direct management decision making on support provided to Offices.
• In collaboration with Field Accounting, develop trend analysis for specific requests and for the purpose of identifying best practices to be communicated to the Field and implemented in consultation with the home office.

Financial Oversight

• Provide day-to-day consultation to the Office on financial management through review and execution of: annual budget creation (including projections) and a 3-5 year rolling plan, monitoring Office line-of-credit usage, including overages related to MD or FR debt, regular review of year-to-date budget to actual results, active comparison of Office revenue and expense levels against peer group, addressing Field business partner questions related to financial matters and compensation, in collaboration with home office colleagues, and financial consulting project participation.
• Participate in cross-departmental projects and initiatives to further develop financial consulting services and tools to support Field Management.
• Collaborate with Directors and home office colleagues in financial tool development (modeling, retirement, net income projection, cash flow analysis, investment ROI, etc.) for the team. Evaluate potential development and enhancements for new financial consulting processes.

Qualifications

• Bachelor's degree in business, accounting or finance required.
• Minimum of 3+ years of related business experience working with financial statements, performing financial analysis and modeling, and using spreadsheet tools.
• Strong analytical skills with the proven ability to analyze business problems and make decisions.
• Demonstrated ability to articulate complex technical or financial information to various audiences to gain common understanding.
• Experience working with Northwestern Mutual's Field Management with knowledge of commission system, contract structure, and financial programs highly desired.
• This is a hybrid role

Compensation Range:

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We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

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Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

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We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups